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Triple Five Signs Letter Of Intent For Xanadu

Published: December 29, 2010 1:01 pm ET

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According to a report, Edmonton, Alberta-based Triple Five, the owners of the Mall of America in Minneapolis, Minnesota, and the West Edmonton Mall, have signed a letter of intent to take over the stalled Xanadu mall project at the Meadowlands.

An article on GlobeSt.com cites a Triple Five spokesman as saying that official plans, which are to be released early in 2011, include changing the name, interior and exterior design of the mall.

In addition to saying that Triple Five will bring a fresh perspective to the project, the spokesman was quoted as saying, "Once complete, this will be one of the most successful entertainment and retail destinations in the world.”

In regard to Triple Five's involvement in Xanadu, New Jersey Governor Chris Christie expressed confidence via release, stating: “The developers who created the most visited mall in the world, due to their vision and innovation, will transform the Meadowlands into New Jersey’s very own Mall of America.”

(With files from GlobeSt.com)


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